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Nordling's Legacy - Live Fundamental Trading
Yeesh, what a couple of rounds in the EUR/USD thread 
Anyway, regarding the omicron variant if you guys have time: what are the economic costs of Japan closing its borders? I'm having a slightly difficult time grasping the economic implications of a country closing its borders. I understand that import/exports will be restricted and that tourism will be adversely affected, but I'm not sure what this means for a country's currency.
Anyway, regarding the omicron variant if you guys have time: what are the economic costs of Japan closing its borders? I'm having a slightly difficult time grasping the economic implications of a country closing its borders. I understand that import/exports will be restricted and that tourism will be adversely affected, but I'm not sure what this means for a country's currency.
Trying my best.
I'll try my hand at this, here's my guess on AUD/JPY 
I think right now, AUD/JPY is feeling the market correction (after Nov. drop) + RBA's decision yesterday to maintain interest rates. Overall, I think this is a bearish continuation. With Ichimoku on the D1, price is close to Tenkan-sen (which may be dynamic resistance in this moment), and Chikou-span and Kumo are giving bearish signals. With these in mind, I opened short on AUD/JPY at 81.0xx.
I think right now, AUD/JPY is feeling the market correction (after Nov. drop) + RBA's decision yesterday to maintain interest rates. Overall, I think this is a bearish continuation. With Ichimoku on the D1, price is close to Tenkan-sen (which may be dynamic resistance in this moment), and Chikou-span and Kumo are giving bearish signals. With these in mind, I opened short on AUD/JPY at 81.0xx. Trying my best.
- #206
- Dec 8, 2021 4:04am Dec 8, 2021 4:04am
- Joined Apr 2021 | Status: Trader | 5,844 Posts
I'll try my hand at this, here's my guess on AUD/JPY
You have to have an IQ higher than 90 to interact with this user.
{quote} Great analysis! I am currently short on AJ too, let's see how it ends up
Thanks man! It's just a guess with my limited knowledge haha. JPY pairs seem a bit indecisive so far today. Good to know we're on the same side of this trade though, gives me a bit more confidence
Trying my best.
- #208
- Dec 8, 2021 4:19am Dec 8, 2021 4:19am
- Joined Apr 2021 | Status: Trader | 5,844 Posts
{quote} Thanks man! It's just a guess with my limited knowledge haha. JPY pairs seem a bit indecisive so far today. Good to know we're on the same side of this trade though, gives me a bit more confidence
You have to have an IQ higher than 90 to interact with this user.
- #210
- Dec 8, 2021 3:23pm Dec 8, 2021 3:23pm
- Joined Apr 2021 | Status: Trader | 5,844 Posts
You have to have an IQ higher than 90 to interact with this user.
Just an update on my thoughts for AUD/JPY. On D1, price has indeed retraced quite a bit towards Kijun-sen and seems to be at a long-term level of interest 
I'll begin opening a small short position, though on the 1HR to make sure I get in on a good top.
EDIT: I changed my mind. I feel more uncertain about it after looking at 1HR and 4HR. And I don't know if this has anything to do with it, but Weekly chart with Ichimoku has serious bullish vibes, so since its the end of the year, maybe that Weekly chart energy will jump in? No idea, just guessing.
I'll begin opening a small short position, though on the 1HR to make sure I get in on a good top.EDIT: I changed my mind. I feel more uncertain about it after looking at 1HR and 4HR. And I don't know if this has anything to do with it, but Weekly chart with Ichimoku has serious bullish vibes, so since its the end of the year, maybe that Weekly chart energy will jump in? No idea, just guessing.
Trying my best.
- #214
- Edited 1:42pm Dec 10, 2021 1:04pm | Edited 1:42pm
- | Membership Revoked | Joined Jul 2020 | 7,294 Posts
{quote} Correct, but remember rising interest rate has to be supported by countries GDP. Like GBP hiked their interest rates but not supported by GDP which means that in couple months it can hurt UK economy bad. Of course if that does not happen it would mean that UK will eventually rise GDP which means it will get better. But if they don't, if GDP stays the same or gets worst. So will see what is going to happen for now. I am starting to close positions now all the positions that I have open in currencies and stock, because Christmas is coming...
Btw, happy holidays everyone!
Trying my best.